South Dakota’s Small Business Loan Partner

First District Development Company is a Certified Development Company originating SBA REAL 504 loans and other funding options for small businesses across South Dakota. Committed to job growth in our state, we offer financing available at terms that benefit borrowers and lenders.

Current SBA 504 Rates

10 Year 20 Year 25 Year
September 2018 October 2018 October 2018
5.25% 5.49% 5.53%

Historical Rates 10 year 20 year 25 year



Affordable Financing For Your Small Business

SBA REAL 504 Loans are designed to fuel small businesses generating new jobs by making financing affordable. Loans are available at a low, fixed rate for terms of 10 or 20 years and require down payments of just 10-20%.



Attractive Terms that Work for You and Your Customers

An SBA REAL 504 Loan provides your customer with a long term, low fixed-rate funding option. With a loan-to-value of 50% or less, your collateral risk is reduced and your lending institution retains the first lien position.

Our Service Area & Programs

Service Area Map
SBA Real 504 Loans Only
SBA Real 504 and
Revolving Loan Funds

Small Business Funding Options Versatile Enough
For Your Project

If your financing needs don’t fit the requirements of an SBA REAL 504 loan we have additional options through our Revolving Loan Funds. Each program offers competitive rates to small businesses fueling economic development in South Dakota. While the SBA REAL 504 loan is limited to fixed assets and construction costs, RLF programs can include inventory and working capital financing. Give us a call and we’ll be happy to discuss your goals to determine which small business financing option fits the bill.

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